Lumber rises to 4-month high as US disputes Canada pricing
from Bloomberg Businessweek
Lumber futures rose the maximum permitted by the Chicago Mercantile Exchange, touching a four- month high, as the U.S. disputes the pricing of wood imported from Canada, the biggest foreign supplier. British Columbia is "under-pricing" timber from public lands and "circumventing the export measures" in a lumber agreement the two nations reached in 2006, the Office of the U.S. Trade Representative said in a statement dated Oct. 8. The U.S. requested talks to resolve the dispute. Lumber futures are up 30 percent in the past year.
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063